#604: Master Investor Ed Thorp on How to Think for Yourself, Mental Models for the Second Half of Life, How to Be Inner-Directed, How Basic Numeracy Is a Superpower, and The Dangers of Investing Fads

#604: Master Investor Ed Thorp on How to Think for Yourself, Mental Models for the Second Half of Life, How to Be Inner-Directed, How Basic Numeracy Is a Superpower, and The Dangers of Investing Fads

Brought to you by Wealthfront automated investing, Vuori comfortable and durable performance apparel, and Eight Sleep’s Pod Pro Cover sleeping solution for dynamic cooling and heating.

Edward O. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack. His subsequent book, Beat the Market, coauthored with Sheen T. Kassouf, influenced securities markets around the globe. He is also the author of A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market.

Edward was one of the world’s best blackjack players and investors, and his hedge funds were profitable every year for 29 years. He lives in Newport Beach, California.

You can find our first conversation here.

Please enjoy!

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[06:39] The value of long-term thinking and the price of short-term thinking

[07:57] What is a common stock warrant?

[09:52] Why are people generally poor at taking longer term (or alternative) perspectives?

[11:08] Conversing about numeracy and common misunderstandings

[15:00] How to become more numeracy literate

[20:18] It’s Raining Man

[22:31] The Rule of 72

[26:14] Making the best financial decisions with unknown variables

[35:57] How to have fun learning about probability and statistics

[37:47] How to get an edge in hedge fund investing (with book recommendations)

[46:23] Ed’s methods for losing (or maintaining) weight and looking 60 in spite of being almost 90 years old

[53:38] Favorite beer

[55:03] Music as stress reduction

[56:02] Avoiding unnecessary risks

[1:04:12] The age-guessing experiment

[1:06:17] Other-directed vs. inner-directed and takeaways from The Lonely Crowd by David Riesman

[1:14:35] How an 89-year-old maintains hair growth

[1:17:20] Using scrap time

[1:19:45] A big change in Ed’s later life that increased its quality

[1:22:16] New reflections, future hopes, and parting thoughts

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For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.

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Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Avsnitt(831)

#795: The End of Time Management

#795: The End of Time Management

This time around, we have a bit of a different format, featuring the book that started it all for me, The 4-Hour Workweek. Readers and listeners often ask me what I would change or update, but an equally interesting question is: what wouldn’t I change? What stands the test of time and hasn’t lost any potency? This episode features one of the most important chapters from the audiobook of The 4-Hour Workweek. It includes tools and frameworks that I use to this day, including Pareto’s Law and Parkinson’s Law. The chapter is narrated by the great voice actor Ray Porter. If you are interested in checking out the rest of the audiobook, which is produced and copyrighted by Blackstone Publishing, you can find it on Audible, Apple, Google, Spotify, Downpour.com, or wherever you find your favorite audiobooks.Sponsors:ExpressVPN high-speed, secure, and anonymous VPN service: https://www.expressvpn.com/tim (get 3 or 4 months free on their annual plans) Momentous high-quality supplements: https://livemomentous.com/tim (code TIM for 20% off)Helix Sleep premium mattresses: https://HelixSleep.com/Tim (Between 20% and 27% off all mattress orders and two free pillows)*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

13 Feb 51min

#794: Brandon Sanderson on Building a Fiction Empire, Creating $40M+ Kickstarter Campaigns, Unbreakable Habits, The Art of World-Building, and The Science of Magic Systems

#794: Brandon Sanderson on Building a Fiction Empire, Creating $40M+ Kickstarter Campaigns, Unbreakable Habits, The Art of World-Building, and The Science of Magic Systems

Brandon Sanderson is the #1 New York Times bestselling author of The Stormlight Archive series and the Mistborn saga; the middle-grade series Alcatraz vs. the Evil Librarians; and the young-adult novels The Rithmatist, the Reckoners trilogy, and the Skyward series. He has sold more than 40 million books in 35 languages, and he is a four-time nominee for the Hugo Awards, winning in 2013 for his novella The Emperor’s Soul.Sponsors:Cresset prestigious family office for CEOs, founders, and entrepreneurs: https://cressetcapital.com/tim (book a call today)Seed's DS-01® Daily Synbiotic broad spectrum 24-strain probiotic + prebiotic: https://Seed.com/Tim (Use code 25TIM for 25% off your first month's supply)Wealthfront high-yield cash account: https://Wealthfront.com/Tim (Start earning 4.00% APY on your short-term cash until you’re ready to invest. And when new clients open an account today, you can get an extra fifty-dollar bonus with a deposit of five hundred dollars or more.) Terms apply. Tim Ferriss receives cash compensation from Wealthfront Brokerage, LLC for advertising and holds a non-controlling equity interest in the corporate parent of Wealthfront Brokerage. See full disclosures here.Timestamps:00:00 Meet Brandon Sanderson07:10 Soundcheck Fun and Memory Skills11:21 Brandon's Writing Journey and Creative Process25:35 Teaching Creative Writing and Publishing Insights38:08 Brandon's Early Reading Experience44:18 Discovering the Magic of Storytelling45:32 A Journey from C Student to A Student47:02 The Influence of a Great Teacher48:51 Understanding Narrative and Plot56:42 The Art of Character Development01:09:42 Balancing Writing and Personal Life01:24:04 Meeting Editors and Early Struggles01:24:30 First Book Sale and Financial Realities01:25:28 The Danger of the Second Book01:25:49 Hitting the Bestseller List01:26:34 Amazon and the Changing Market01:29:03 Entrepreneurial Shift and Direct Sales01:36:45 Building a Team and Crowdfunding01:42:50 Kickstarter Success and Lessons Learned01:52:22 COVID and Creative Freedom02:02:53 Brandon Sanderson's Colbert Report Cameo02:03:48 Kickstarter Success and Subscription Boxes02:09:01 Test Readers and Feedback Process02:14:16 Warbreaker and Creative Commons Experiment02:22:50 Navigating Publishing Deals and Platforms02:33:26 The Wheel of Time Opportunity02:42:36 The Call to Finish The Wheel of Time02:43:10 Negotiating the Deal02:43:56 The Struggles of Mistborn02:45:02 The Cosmere and Building an Audience02:48:25 The Death Spiral in Publishing02:52:29 Magic Systems and Their Importance03:00:39 Sanderson's Three Laws of Magic03:14:35 The Zero Law and Final Thoughts*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

5 Feb 3h 23min

#793: How to Calm Your Inner Storm — A Guided Meditation to Tame Restlessness with Zen Master Henry Shukman

#793: How to Calm Your Inner Storm — A Guided Meditation to Tame Restlessness with Zen Master Henry Shukman

This episode is part of a new experiment called Meditation Monday. The teacher, Henry Shukman, has been on my podcast twice before. He is one of only a few dozen masters in the world authorized to teach Sanbo Zen, and now, he’ll be your teacher.In addition to my long-form interviews each week, every Monday I’ll bring you a short 10-minute or so meditation, which will help you for the rest of the week.Over this four-episode series, you’ll develop a Zen toolkit to help you find greater calm, peace, and effectiveness in your daily life.Henry’s app, The Way, has changed my life since I first started using it. Unlike other meditation apps, where you’re overwhelmed with a thousand choices, The Way is a clear step-by-step training program guided entirely by Henry. Through a logical progression, you’ll develop real skills that stick with you.I’ve been using it daily, often twice a day, and it’s lowered my anxiety more than I thought possible.As a listener of my podcast, you can get 30 free sessions by visiting https://thewayapp.com/tim and downloading the app.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

3 Feb 13min

#792: Seth Godin on Playing the Right Game and Strategy as a Superpower

#792: Seth Godin on Playing the Right Game and Strategy as a Superpower

Seth Godin is the author of 21 internationally bestselling books, translated into more than 35 languages, including Linchpin, Tribes, The Dip, and Purple Cow. His latest book is This Is Strategy.Sponsors:Cresset prestigious family office for CEOs, founders, and entrepreneurs: https://cressetcapital.com/tim (book a call today) AG1 all-in-one nutritional supplement: https://DrinkAG1.com/Tim (1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase.)Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business: https://shopify.com/tim (one-dollar-per-month trial period)*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

29 Jan 2h

#791: How to Feel at Peace Amidst High Stress — Guided Meditation with Zen Master Henry Shukman

#791: How to Feel at Peace Amidst High Stress — Guided Meditation with Zen Master Henry Shukman

This episode is part of a new experiment called Meditation Monday. The teacher, Henry Shukman, has been on my podcast twice before. He is one of only a few dozen masters in the world authorized to teach Sanbo Zen, and now, he’ll be your teacher.In addition to my long-form interviews each week, every Monday I’ll bring you a short 10-minute or so meditation, which will help you for the rest of the week.Over this four-episode series, you’ll develop a Zen toolkit to help you find greater calm, peace, and effectiveness in your daily life.Henry’s app, The Way, has changed my life since I first started using it. Unlike other meditation apps, where you’re overwhelmed with a thousand choices, The Way is a clear step-by-step training program guided entirely by Henry. Through a logical progression, you’ll develop real skills that stick with you.I’ve been using it daily, often twice a day, and it’s lowered my anxiety more than I thought possible.As a listener of my podcast, you can get 30 free sessions by visiting https://thewayapp.com/tim and downloading the app.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

27 Jan 12min

#790: Chris Sacca — How to Succeed by Living on Your Own Terms and Getting Into Good Trouble

#790: Chris Sacca — How to Succeed by Living on Your Own Terms and Getting Into Good Trouble

Chris Sacca is the co-founder of Lowercarbon Capital and manages a portfolio of countless startups in energy, industrial materials, and carbon removal. If it's unf**king the planet, he's probably working on it. Previously, Chris founded Lowercase Capital, one of history's most successful funds ever, primarily known for its very early investments in companies like Twitter, Uber, Instagram, Twilio, Docker, Optimizely, Blue Bottle Coffee, and Stripe. But you might just know him as the guy who wore those ridiculous cowboy shirts for a few seasons of Shark Tank. To purchase Chris's ranch, schedule a viewing at FivePondsRanch.com.P.S. This episode features a special, one-of-a-kind introduction that Chris recorded of yours truly. :)Sponsors:MUD\WTR energy-boosting coffee alternative—without the jitters: https://MUDWTR.com/Tim (between 15% and 43% off) Helix Sleep premium mattresses: https://HelixSleep.com/Tim (Between 20% and 27% off all mattress orders and two free pillows)AG1 all-in-one nutritional supplement: https://DrinkAG1.com/Tim (1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase.)Timestamps:[00:00] Coming up [06:47] Chris introduces me.[11:07] Some Sacca background.[18:32] Raising pre-teen gamblers and tailgating troublemakers.[19:54] Conscious changes and rethoughts since our first interview.[26:12] The personal and professional influence of Rich and Sarah Barton.[30:18] Property management and the Zen of Kevin Rose.[35:12] Zillow Gone Wild.[36:58] Simplifications.[45:03] Remaining optimistic despite being in the business of saying no.[51:33] Living in the finite without +1 obligations.[56:54] “Wait, what’s hustle culture?”[59:48] The (lack of) trouble with kids today.[01:09:53] Raising kids to solve problems and eschew smartphones.[01:14:15] Rawdogging? You keep using that word. I do not think it means what you think it means.[01:16:05] An Andy Goldsworthy aside.[01:16:30] Taking advice from R. Buckminster Fuller GPT.[01:19:13] Assigned reading.[01:20:10] Humans vs. AI.[01:26:20] What happens to people stuck between AI job displacement and a broken social contract?[01:42:38] Counting on the human craving to convene and connect.[01:56:30] What kind of business would a younger Chris start today?[02:00:44] The prescience of The Medium is the Massage.[02:01:39] What does Lowercarbon Capital do?[02:08:44] Projects Chris is most excited about.[02:18:59] Youthful mischief and flim-flammery.[02:24:51] The premise for Chris’ upcoming No Permanent Record.[02:35:25] Cultivating the ability to face (and maybe win over) a tough crowd.[02:39:19] Chris expresses some concerns about this episode.[02:40:24] Recommended reading.[02:45:07] A worthwhile purchase of $100 or less.[02:48:03] Deez Crocs.[02:50:48] Sabotaging potential dates with authenticity.[02:59:11] Parting thoughts.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

23 Jan 3h 5min

#789: Ease Into Stillness — Guided Meditation with Zen Master Henry Shukman

#789: Ease Into Stillness — Guided Meditation with Zen Master Henry Shukman

This episode is part of a new experiment called Meditation Monday. The teacher, Henry Shukman, has been on my podcast twice before. He is one of only a few dozen masters in the world authorized to teach Sanbo Zen, and now, he’ll be your teacher.In addition to my long-form interviews each week, every Monday I’ll bring you a short 10-minute or so meditation, which will help you for the rest of the week. Over this four-episode series, you’ll develop a Zen toolkit to help you find greater calm, peace, and effectiveness in your daily life.Henry’s app, The Way, has changed my life since I first started using it. Unlike other meditation apps, where you’re overwhelmed with a thousand choices, The Way is a clear step-by-step training program guided entirely by Henry. Through a logical progression, you’ll develop real skills that stick with you.I’ve been using it daily, often twice a day, and it’s lowered my anxiety more than I thought possible.As a listener of my podcast, you can get 30 free sessions by visiting https://thewayapp.com/tim and downloading the app.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

20 Jan 12min

#788: Naval Ravikant and Aaron Stupple — How to Raise a Sovereign Child, A Freedom-Maximizing Approach to Parenting

#788: Naval Ravikant and Aaron Stupple — How to Raise a Sovereign Child, A Freedom-Maximizing Approach to Parenting

Aaron Stupple (@astupple) is the author of The Sovereign Child: How a Forgotten Philosophy Can Liberate Kids and Their Parents. Naval Ravikant (@naval) is the co-founder of AngelList. He has invested in more than 100 companies, including many mega-successes, such as Twitter, Uber, Notion, Opendoor, Postmates, and Wish.Stick around after the end of our three-person conversation to listen to an exclusive bonus segment that Naval and Aaron recorded with extra practical tips, as well as incremental, day-to-day experiments you can test and apply. It’s super tactical, so you won’t want to miss it. It begins at 02:17:01.Sponsors:Sundays for Dogs ultra-high-quality dog food: https://sundaysfordogs.com/tim (save 50% on your first order) Seed's DS-01® Daily Synbiotic broad spectrum 24-strain probiotic + prebiotic: https://Seed.com/Tim (Use code 25TIM for 25% off your first month's supply)ShipStation shipping software: https://www.shipstation.com/tim (60-day free trial!)Timestamps:[00:00] Coming up in this episode [08:40] Who is Aaron, and what makes him qualified to dispense parenting advice?[13:44] Taking Children Seriously (TCS) and The Sovereign Child philosophies.[17:49] The David Deutsch influence on these tenets.[22:57] Supporting evidence and long-term case studies.[27:17] Ways Naval and Aaron have incorporated these philosophies into their own parenting.[31:13] How rules work while parenting for freedom-maximizing.[37:42] Why building knowledge beats coercion.[43:41] Non-negotiables.[46:35] Is this method of parenting only accessible to the educated elite?[50:05] Handling sibling conflict.[54:41] How do freedom-maximized kids adapt to an adulthood of endless societal rules?[58:55] When kids present counter-accountability.[01:00:41] One tool does not fix all.[01:03:52] Putting mistakes to good use.[01:08:00] Homeschooling, unschooling, and socialization challenges.[01:15:56] Building resilience.[01:20:23] Coping with food and drink cravings.[01:25:54] Avoiding the terminology of confirmation bias.[01:31:37] Sports.[01:35:09] Organically cultivating interests.[01:38:11] The pros and cons of traditional schooling.[01:47:24] Parental disagreements and avoiding hypocrisy.[01:57:18] Four categories of harm that come from rules.[02:00:38] The benefits of optional constraints.[02:05:32] Body Electric.[02:07:03] Things you should know before visiting the emergency room.[02:13:18] A hierarchy of knowledge and lessons learned from this conversation.[02:17:19] Tactics for addressing sibling (and spousal) conflict.[02:19:47] Tactics to foster learning.[02:22:54] The best baby (and adult) sitter.[02:26:07] Parenting into the teen years.[02:27:54] Tactics for forming good sleep habits.[02:31:20] Tactics for encouraging good eating habits.[02:37:34] Tactics for freedom-maximizing.[02:42:56] Tactics for minimizing screen and social media obsession.[02:55:29] Too cool for rules.[03:00:14] All information is subject to challenge.[03:03:10] Happiness and creativity cannot be forced.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

16 Jan 3h 11min

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